INX Media case: Delhi court defers arguments on plea of Karti Chidambaram's CA S Bhaskararaman

A Delhi court on Monday deferred the arguments on a plea of Karti Chidambaram's CA S Bhaskararaman seeking anticipatory bail fearing arrest by the CBI in the INX Media case, after the probe agency sought time to file a reply.

PTI March 19, 2018 14:36:15 IST
INX Media case: Delhi court defers arguments on plea of Karti Chidambaram's CA S Bhaskararaman

New Delhi: A Delhi court on Monday deferred the arguments on a plea of Karti Chidambaram's CA S Bhaskararaman seeking anticipatory bail fearing arrest by the CBI in the INX Media case, after the probe agency sought time to file a reply.

Special Judge Sunil Rana, who has already granted him bail in the ED case, posted the matter for hearing on 26 March.

INX Media case Delhi court defers arguments on plea of Karti Chidambarams CA S Bhaskararaman

File image of Karti Chidambaram. PTI

The counsel for Bhaskararaman had moved an anticipatory bail application on 12 March before the court apprehending that after the ED, the CBI would seek his custody for interrogation.

The special court had on 13 March granted bail to Bhaskararaman in the INX Media money laundering saying there was no specific allegation against him except that he aided former Union minister P Chidambaram's son in committing the crime.

The CA was sent to jail on 26 February after his custodial interrogation by the ED.

Karti's name had cropped up in the case relating to the Foreign Investment Promotion Board's (FIPB) approval granted in 2007 for receipt of funds by INX Media when his father and Congress leader P Chidambaram was the finance minister during the previous UPA regime.

The ED had alleged that INX Media had deliberately and in violation of the conditions of approval made a downstream investment of 26 percent in the capital of INX News Pvt Ltd without the specific approval of FIPB, which included indirect foreign investment by some foreign investors, and generated Rs 305 crore foreign direct investment in INX Media Pvt Ltd against the approved foreign inflow of Rs 4.62 crore.

To wriggle out of the situation without any punitive action, INX Media entered into a criminal conspiracy with Karti, the ED had alleged. The FIPB unit of the Finance Ministry had not only granted illegal approval but also misinformed the investigation wing of the Income Tax Department, it had alleged.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Nirav Modi won't get fair trial in India, former SC judge Markandey Katju tells UK court
India

Nirav Modi won't get fair trial in India, former SC judge Markandey Katju tells UK court

Katju also repeatedly made comparisons between India and Germany under the Nazi regime, saying Nirav Modi has been made a convenient scapegoat for India's economic crisis

VVIP Chopper scam: CBI files supplementary charge sheet Christian Michel, Rajeev Saxena, 13 others
India

VVIP Chopper scam: CBI files supplementary charge sheet Christian Michel, Rajeev Saxena, 13 others

The probe report filed on Friday details the alleged role played by Michel, Saxena and others in bringing bribes for politicians, bureaucrats and Indian Air Force (IAF) officials in India in the scam, reports said

Babri Masjid demolition case verdict on 30 Sep; accused LK Advani, MM Joshi, others to be present in court
India

Babri Masjid demolition case verdict on 30 Sep; accused LK Advani, MM Joshi, others to be present in court

On 30 September, the special CBI court will rule whether or not the accused were involved in razing the mosque